China's CIFI Holdings H1 revenue falls 63% on lower property deliveries

CIFI Holdings (Group)

28/08/2026 15:12

Overview
China property developer's H1 revenue fell 63% yr/yr amid weak real estate market
Company posted net loss of RMB5.99 bln for H1, compared with RMB6.36 bln loss a year earlier
 

Outlook
Company plans to accelerate transformation to asset-light operations in second half of 2026

Result Drivers
PROPERTY MANAGEMENT DISPOSAL – Property-management income fell 98.9% to RMB38.1 mln, primarily due to the December 2025 disposal of Ever Sunshine Services Group
PROPERTY DELIVERY AND PRICING – Property-sales revenue fell 53.4% as delivered GFA declined 44.7% and recognised ASP fell 15.7%
ASSET MARKDOWNS – Write-downs of properties held for sale and under development rose to RMB1.93 bln from RMB1.61 bln, while investment-property fair-value losses nearly doubled to RMB1.30 bln

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 4.54 bln
 
H1 Net Loss Attributable
 
RMB 5.99 bln
 

Analyst Coverage
The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the real estate rental, development & operations peer group is "buy."
Wall Street's median 12-month price target for CIFI Holdings (Group) Co Ltd is HK$0.06, about 41% above its August 28 closing price of HK$0.04

Reuters Recommended Reads
Aug 28 - China's Sunac H1 revenue falls on lower property deliveries
Aug 28 - China's Zhongliang Holdings H1 revenue slumps amid property sales decline
Aug 28 - China to reform home sales system to curb delivery risks

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-28/22565aad-c001-4171-8f10-bf043d256e2a.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)